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Jul 29, 2021EXPANSIONHunan province, China Gold Cup Electric plans $110M expansion of NEV wire capacity in Hunan
Gold Cup Electric announced a CNY711 million ($110 million) plan to double its production capacity of magnet wires for new energy vehicles at its existing base in Hunan, adding 50,000 tons per year by June 2025.
Value
$110.0M (711.0M CNY)
Capacity
50,000 tons per year
ProductsNEV electromagnetic wiresflat electromagnetic wires
“Gold Cup will expand the production of NEV electromagnetic wires at its existing production base.”www2.yicaiglobal.com
- 1 source
- www2.yicaiglobal.comChina’s Gold Cup Electric Jumps to Over Four-Year High on USD110 Million Plan to Double NEV Wire CapacityTang ShihuaJul 30, 2021
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